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Association of Equipment Manufacturers: Farm tractor sales up in June

Thursday, July 15, 2010

Farm equipment sales increased recently.
Farm equipment sales increased recently.

On a year-to-date basis in June, farm equipment sales have increased, according to a recent report.

The Association of Equipment Manufacturers said that June of this year saw the total for two-wheel drive tractor sales is up 1.9 percent, rising from 82,947 to 84,499. Meanwhile, four-wheel drive farm machines have also seen a year-to-date increase, rising 23.4 percent.

Overall, farm equipment sales are up 2.4 percent over last year's first six months. A total of 87,053 pieces of this type of machinery have been sold during the first half of 2010.

Self-propelled combines, however, have seen a drop of 1.2 percent, falling from 3,869 to 3,822.

While sales in the U.S. have posted gains, farm-related products are also helping the country achieve a goal presented by President Barack Obama, who wants to double exports over the next five years. The first quarter of 2010 saw agriculture leading the way, as goods shipped out of the country increased 19 percent.

Meanwhile, states like North Dakota and Nebraska are putting forward their own efforts to help improve exports to other areas of the world through trade missions.ADNFCR-2034-ID-19892401-ADNFCR

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